Search questions
Choose which content to search, then combine terms with AND or OR.
Class 12 · Accountancy · Easy
→A's current account has a credit balance of Rs 22,000 and his capital account has a credit balance of Rs 1,30,000. What will be the new capital after transferring the current-account balance to capital?
Class 12 · Accountancy · Expert
→If credit balance of current account is to be transferred to capital account which entry is correct?
Class 12 · Accountancy · Expert
→If debit balance of current account is to be adjusted into capital account what entry will be made?
Class 12 · Accountancy · Medium
→A's capital account has a credit balance of Rs 50,000 and his current account has a debit balance of Rs 70,000. What is A's overall position?
Class 12 · Accountancy · Expert
→Under fluctuating capital method the firm paid partners personal vehicle insurance of Rs 9000. What is the correct capital treatment?
Class 12 · Accountancy · Expert
→If the firm paid partners house rent of Rs 24000 and the deed calls it personal expense where will it be debited under fixed capital method?
Class 12 · Accountancy · Expert
→A kept Rs 50000 received from a firms customer directly in his personal account. In relation to capital account how should it be treated?
Class 12 · Accountancy · Expert
→If the firm paid a partners personal loan and treated it as expense instead of reducing his claim what is the correct treatment?
Class 12 · Accountancy · Expert
→A partner brought machine of Rs 150000 as capital but the firm also took related liability of Rs 30000. Which entry is correct?
Class 12 · Accountancy · Expert
→If a partner brings a vehicle of Rs 300000 as capital and the firm accepts a loan of Rs 80000 on it how much will be credited to capital account?
Class 12 · Accountancy · Expert
→A and B have actual capitals of Rs 220000 and Rs 160000. Capitals should be in ratio three to two and total capital will remain same. What should B do?
Class 12 · Accountancy · Expert
→A and B have actual capitals of Rs 330000 and Rs 180000. Capitals are to be maintained in ratio two to one and total capital is to remain same. What should A do?
Class 12 · Accountancy · Easy
→Three partners’ capitals are to be maintained in the ratio 2:2:1. If the total capital is ₹5,00,000, what is the required capital of the third partner?
Class 12 · Accountancy · Expert
→A's capital is Rs 240000 and the profit-sharing ratio A : B : C is 4 : 3 : 2. Taking A's capital as the base, what is B's required capital?
Class 12 · Accountancy · Expert
→A and B's capitals are to be in the profit-sharing ratio 7 : 3. The total capital is Rs 4,00,000. What is A's required capital?
Class 12 · Accountancy · Expert
→Partner commission of Rs 7000 was wrongly debited though it should have been credited. What is the effect on closing balance?
Class 12 · Accountancy · Expert
→Share of loss of Rs 11000 was credited to partners account. The correct treatment was debit. What is the wrong effect on closing balance?
Class 12 · Accountancy · Expert
→Drawings of Rs 18,000 were not recorded in the fluctuating capital account. What is the effect on the closing capital?
Class 12 · Accountancy · Expert
→In a partnership, interest on capital of Rs 9,000 was omitted from the capital account. Under the fluctuating capital method, what will be the effect on the closing capital?
Class 12 · Accountancy · Expert
→